A 2012-era wallet tagged “5K BTC OG” resumed selling, moving a total of 2,500 BTC to Binance since Dec 4, 2024. The latest outflow was ~500 BTC (~$47.77M). Arkham and Lookonchain show the seller is spreading sales across at least ten Binance-bound transactions (250–500 BTC each) over five months to reduce slippage. The address originally received 5,000 BTC in 2012 (cost ≈ $1.66M), has realized about $265M at an average exit price of $106,164 and reported overall realized gains in excess of $500M; it still holds ~2,500 BTC (~$237.5M). Large remaining holdings sold near the $100K resistance could add downward pressure to Bitcoin.

Facts: a 2012 wallet labeled “5K BTC OG” sold 2,500 BTC to Binance since Dec 4, 2024; latest transfer was ~500 BTC (~$47.77M). Sales were executed in multiple 250–500 BTC deposits across at least ten Binance-bound transactions over five months to reduce slippage. The address originally received 5,000 BTC (cost ≈ $1.66M), has realized roughly $265M at an average exit price of $106,164, reports >$500M in realized gains, and still holds ~2,500 BTC (~$237.5M). These concentrated exchange-bound outflows could pressure Bitcoin near the $100K resistance.